SEC Form 4 · accession 0001493152-18-004840
REED'S, INC. · REED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Val Stalowir
Officer — CEO · Director
Period of report
Mar 29, 2018
Accepted (ET)
Apr 5, 2018 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140215
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 29, 2018 | A | 412,735 | — | A | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option AwardF2 | $1.60 | Mar 29, 2018 | A | 412,736 | A | — | Mar 29, 2023 | Common Stock | 412,736 | 0 | D |
Explanation of responses
- F1Restricted Stock Award issued under Reed's Inc. 2017 Incentive Compensation Plan. One-half will vest on each of June 28, 2018 and June 28, 2019, subject to the reporting person's continued employment with the corporation.
- F2Incentive Stock Option Award issued under Reed's Inc. 2017 Incentive Compensation Plan, 50% vesting in equal increments on March 29, 2019, March 29, 2020, March 29, 2021 and March 29, 2022, subject to the reporting person's continued employment with the corporation. Remaining 50% will vest based on performance criteria, as may be modified from time to time by the board of directors.